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Offering Summary

  • Address: 1406 W 75th St
  • City, State, Zip Cleveland, OH 44102
  • Units: 8
  • Year Built: 1900
  • Average Unit Size: +/- 750
  • Average In-Place Rent (/SF) $1,102 ($1.47/SF)
  • Occupancy: 100%

Investment Highlights

• Highly renovated, cash-flowing apartment community located in one of Cleveland’s most sought-after neighborhoods - Gordon Square Arts District

• Over $400,000 invested into the property over the last 7 years

• All two bedrooms units featuring in-suite laundry, luxury finishes, and spacious floorplans

• Strong historical occupancy averaging high 90s to 100 percent
• Current rents are $200+ below direct competitors and $1,500+ below new construction

• Located in the highly desirable and trendy Gordon Square Arts District featuring 6 theaters, 20+ bars & restaurants, 80+ businesses, and 5 newly developed apartment communities

• Within 10 minutes of Ohio City, Tremont, and Downtown Cleveland

Team

Michael Barron

Executive Managing Director
Marcus & Millichap

Daniel Burkons

Executive Managing Director
Marcus & Millichap

Joshua Wintermute

Executive Director
Marcus & Millichap

Charles Gagliano

Senior Managing Director
Marcus & Millichap

William Koontz

Senior Director
Marcus & Millichap

Luke Hadley

Associate Investments
Marcus & Millichap

Mitchell Coon

Associate Investments
Marcus & Millichap